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The crypto community has been buzzing recently with rumors that Truth Social—the social media platform backed by Donald Trump—is preparing to launch a meme coin. However, after thorough verification of sources, we can confirm that these rumors are completely false.
Where Did the Rumor Start?
The speculation began when Ran Neuner, founder of Crypto Banter, posted on X claiming that Truth Social might launch a meme coin within 72 hours. He compared it to the existing TRUMP token on the Solana blockchain, sparking widespread discussion about Trump’s potential deeper involvement in crypto. The post quickly went viral, fueled by excited communities eager for a new meme coin narrative.
Despite the hype, not everyone was convinced. Wendy O, a well-known crypto influencer, bluntly called the idea “nonsense”, arguing that if Truth Social wanted to issue a token, they would likely leverage the existing TRUMP coin rather than launch a new one.
Trump and WLFI Deny All Claims
As the rumor gained traction, both Donald Trump and World Liberty Financial (WLFI)—the only decentralized finance (DeFi) project officially backed by the Trump family—moved quickly to debunk it.
WLFI posted a clear statement on X:
“There is no new Trump crypto project. WLFI is the only DeFi project backed by the Trump family. Anyone launching fake tokens is a scammer trying to exploit people’s trust.”
Donald Trump himself also confirmed that no new meme coin related to Truth Social is in the works. He urged the public to remain cautious in the face of rampant misinformation circulating online.
Related: Pepe Coin Outperforms DOGE and SHIB, Eyes 80% Rally After Retest
Verified Facts
Here are the key facts:
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Truth Social is owned by Trump Media & Technology Group (TMTG) and is publicly listed on NASDAQ.
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Earlier this year, Trump was associated with two meme coins: TRUMP and MELANIA, both of which have since declined in value.
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WLFI remains the only crypto project officially endorsed by the Trump family.
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No new Truth Social meme coin is being developed or planned.
This situation serves as a stark reminder of how quickly misinformation can spread in the crypto space—where scammers often exploit crowd excitement for personal gain. Users are strongly encouraged to stay vigilant and verify any rumors before making investment decisions.
